If a hacker manages to get their hands on your computer, you’re going to have a bad time. Of course, how bad of a time you have depends on your hacker’s intentions. There are several things hackers can do to harm you. Here are 4 reasons you should be concerned about hackers:
1. They Can Steal Your Money
Most users worry about hackers stealing their money. Hackers can gain access to your financial accounts if you browse the Internet without using standard security practices such as encrypting your sensitive data, forgetting to log out of your account, or falling for e-mail scams. Even if you practice secure Internet browsing, your sensitive information can still be compromised if a hacker cracks the security of a third party that stores your credit card information.
2. Steal Your Processing Power
Not every hacker will use their skills to try and steal your money. Some hackers just want to borrow your computer’s processing power for their own malicious intentions. By using a Distributed Denial of Service virus, a hacker can use your bandwidth and your computer’s CPU to perform attacks and send spam. A computer infected with a DDoS virus will run much slower than normal and get you penalized by your ISP provider because it will appear that you are the one sending spam.
3. The Cost of Security
If the world didn’t have any hackers, then there would be no need to spend money on antivirus software and other security measures. Cybersecurity is a lucrative industry. For example, the U.S. federal government reserved $14 billion in cybersecurity measures for the 2016 budget alone.* Businesses and individuals also pour lots of money into network security, and if you have ever spent any money on cybersecurity, then you would agree that there are many other things that you would rather spend your money on.
4. The Threat of Ransomware
Speaking of the cost of paying for security tools and code, there is another threat that hackers are using that is set to reach $1 billion in costs to victims by the end of this year: ransomware.
“The lucrative nature of ransomware – combined with the fact this particular type of cybercrime is relatively easy to pull off – means that cybercriminals are not only increasingly deploying it, but they’re also increasingly attacking bigger targets in order to extract larger ransoms.” (source: zdnet.com)
If you’re thinking, “Oh but that would never happen to me! My business isn’t a big enough target.” – think again. We’ve already had three different small business clients in the past few months fall victim to ransomware. Thankfully we were able to restore access to their networks without paying the ransom because of the best practices and safeguards we put into place.
If you’re worried about ransomware and how it could affect your business, there are things you can do to make an attack less likely. Let’s grab a cup of coffee and chat!